Oil swings as traders parse mixed messages on Strait of Hormuz
White House says US energy secretary’s claim that navy escorted tanker through key waterway was wrong
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FirstFT: Japan’s Sanae Takaichi confronts Iran war oil shock
Also in today’s newsletter: China warns Maersk and MSC over high freight rates, and Amazon leads record US corporate borrowing rush
Soaring fuel prices expected to cast long shadow across US economy
Industries from farming to airlines face long-term higher costs and will raise customer prices in response
Soaring fuel prices to cast long shadow across US economy
Industries from farming to airlines face long-term higher costs and will raise customer prices in response
Amazon leads record US corporate borrowing rush with nearly $50bn bond sales
Total issuance tops $65bn on Tuesday as companies take advantage of calmer markets
Kevin Warsh faces an economic ‘perfect storm’ as he waits to take over as Fed chair
Warsh faces a potential buzzsaw in the form of a Hobson’s choice between fighting inflation and supporting the labor market.